Hero MotoCorp Considers Investment in Electric Three-wheeler Startup
Leading two-wheeler brand Hero MotoCorp (HMC) is in advanced negotiations to make a significant strategic investment in Altigreen Propulsion Labs, a Bengaluru-based startup specialising in electric three-wheelers (E3Ws), according to a report by the Economic Times. This move could mark…
EV Charging Platform Kazam Raises $8 million Capital in Funding Round
India also saw participation from Avaana Capital, Alteria Capital, and several other investors, Kazam said in a statement. “This investment will enable us to accelerate our growth, innovate further, and maintain our leadership position in the e-mobility sector,” said Akshay…
EV Manufacturer Kinetic Green Raises $25 Million from GPC
Electric vehicle (EV) manufacturer Kinetic Green secured a ₹2.09 billion (~$25 million) investment from private equity firm Greater Pacific Capital (GPC), as part of an overall targeted Series A fundraiser of up to $40 million. The company plans to use…
River Mobility Plans to Scale up ops; aims to Open 100 Stores by March
Bengaluru-headquartered electric vehicle startup River Mobility Pvt Ltd backed by marquee investors Yamaha Motor Corp, Mitsui & Company Ltd, aims to open 100 showrooms by March 2026, a top official said. The company under its expansion drive inaugurated its first…
EV Charging Aggregator ElectricPe Raises $3 million from Green Frontier Capital
This new fund will be utilised by the Bengaluru-based startup to expand its operations to new geographies and for technological advancement, the company said on Tuesday. “We have always believed in stage-by-stage funding, and this $3 million investment marks the…
Ola Electric to Raise $734 million in India’s biggest IPO this year
Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country’s biggest IPO this year, a deal set to lure major foreign investors and highlight growing confidence in India’s financial markets. A stock market…
EV Financing Startup Perpetuity Capital Raises Rs 7 crore through NCDs
Cleantech Mobiltiy-focused fintech startup Perpetuity Capital has raised Rs 7 crore through Non-Convertible Debentures (NCDs). The funding round was led by N+1 Capital and RevX Capital, both of which are prominent debt funds supporting small and medium enterprises (SMEs) and…
Charge Zone Plans to Invest USD 360 Million for EV Charging Network
Charge Zone has decided to invest USD 360 million in four years for its EV charging network, as it looks to widen its reach of supercharging infrastructure to cater to electric buses, trucks, and personal mobility vehicles nationwide. This fiscal…
Ola Electric To Invest $100 Million For Lithium-Ion Battery Manufacturing Gigafactory Amid IPO Buzz
IPO-bound Ola Electric plans to invest $100 million (approximately Rs 834 crore) in the initial phase of constructing its gigafactory for lithium-ion battery cell production as per founder Bhavish Aggarwal. He mentioned that Ola’s electric scooters will feature these locally-produced…
Clean Motion Starts Zbee Manufacturing in Pune, India
India is the world’s most populous country and has a strong demand for sustainable transport solutions and innovation. Clean Motion, which already has a presence in India, will now expand its operations through local manufacturing and sales of Zbee. This…
